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Figma, Inc. (FIG) 10-Year Financial Performance & Capital Metrics

FIG • • Industrial / General
TechnologyApplication SoftwareDesign & Engineering SoftwareCAD/Engineering Design
AboutFigma, Inc. develops a browser-based tool for designing user interfaces that helps design and development teams build various products. The company offers Figma Design, a collaborative design tool for teams that explore ideas and gather feedback, build realistic prototypes, and streamline product development with design systems; Dev Mode to inspect designs and translate them into code without changing the design file; FigJam to define ideas, align on decisions, and move work forward—all in one place; and Figma Slides, a presentation tool built for designers and their teams. It also provides Figma Draw to create expressive designs with illustration tools; Figma Buzz that publishes brand templates to create social media assets, display ads, one-pagers, and others; Figma Sites to design, prototype, and publish; and Figma Make, an AI tool to design and prompt way to a functional prototype. The company was incorporated in 2012 and is headquartered in San Francisco, California.Show more
  • Revenue $749M +48.4%
  • EBITDA -$870M -1238.9%
  • Net Income -$732M -356.1%
  • EPS (Diluted) -3.11 -630.4%
  • Gross Margin 88.32% -3.1%
  • EBITDA Margin -116.12% -802.5%
  • Operating Margin -117.15% -705.2%
  • Net Margin -97.74% -272.6%
  • ROE -61.86% -325.7%
  • ROIC -201.42%
  • Debt/Equity 0.02 +55.3%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Share count reduced 8.1% through buybacks

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 10.7x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-

EPS CAGR

10Y-
5Y-
3Y-
TTM-

ROCE

10Y Avg-39.99%
5Y Avg-39.99%
3Y Avg-39.99%
Latest-73.03%

Peer Comparison

CAD/Engineering Design
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
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Momentum & Returns
Total Return (DRIP)
Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PDFSPDF Solutions, Inc.1.37B34.79347.908.22%-0.03%-0.02%0.02
CDNSCadence Design Systems, Inc.87.27B320.6083.2713.48%20.35%20.41%1.28%0.55
ADSKAutodesk, Inc.55.6B262.2651.2212.7%16.14%38.4%2.71%0.98
PTCPTC Inc.19.85B166.8927.1819.18%27.05%19.37%4.32%0.36
MTLSMaterialise N.V.330.19M5.5924.304.15%1.73%1.89%1.54%0.17
ORKTOrangekloud Technology Inc.1.65M0.79-0.45-33.61%-98.25%-73.44%0.04
SVCOSilvaco Group, Inc. Common Stock140.94M4.60-3.0110.02%-47.59%-37.71%0.02
AZA2Z Cust2Mate Solutions Corp.303.52M7.24-9.05-37%-483.62%-44.37%0.20

Profit & Loss

Dec 2023Dec 2024
Sales/Revenue+504.87M749.01M
Revenue Growth %-0.48%
Cost of Goods Sold+44.5M87.51M
COGS % of Revenue0.09%0.12%
Gross Profit+460.37M661.5M
Gross Margin %0.91%0.88%
Gross Profit Growth %-0.44%
Operating Expenses+533.83M1.54B
OpEx % of Revenue1.06%2.05%
Selling, General & Admin369.06M787.81M
SG&A % of Revenue0.73%1.05%
Research & Development164.77M751.12M
R&D % of Revenue0.33%1%
Other Operating Expenses00
Operating Income+-73.46M-877.43M
Operating Margin %-0.15%-1.17%
Operating Income Growth %--10.95%
EBITDA+-64.96M-869.74M
EBITDA Margin %-0.13%-1.16%
EBITDA Growth %--12.39%
D&A (Non-Cash Add-back)8.5M7.69M
EBIT-73.46M-877.43M
Net Interest Income+19.85M63.7M
Interest Income19.85M63.7M
Interest Expense00
Other Income/Expense1.02B84.36M
Pretax Income+945.92M-793.07M
Pretax Margin %1.87%-1.06%
Income Tax+208.08M-60.95M
Effective Tax Rate %0.3%0.92%
Net Income+285.86M-732.12M
Net Margin %0.57%-0.98%
Net Income Growth %--3.56%
Net Income (Continuing)737.84M-732.12M
Discontinued Operations00
Minority Interest00
EPS (Diluted)+0.59-3.11
EPS Growth %--6.3%
EPS (Basic)0.59-3.11
Diluted Shares Outstanding487.46M448.21M
Basic Shares Outstanding487.46M448.21M
Dividend Payout Ratio--

Balance Sheet

Dec 2023Dec 2024
Total Current Assets+1.54B1.64B
Cash & Short-Term Investments1.42B1.46B
Cash Only1.27B486.95M
Short-Term Investments148.97M970.88M
Accounts Receivable90.09M131.31M
Days Sales Outstanding65.1363.99
Inventory00
Days Inventory Outstanding--
Other Current Assets28.36M48.87M
Total Non-Current Assets+64.31M155.12M
Property, Plant & Equipment11.63M43.82M
Fixed Asset Turnover43.40x17.09x
Goodwill11.4M11.4M
Intangible Assets3.12M2.51M
Long-Term Investments00
Other Non-Current Assets38.16M97.39M
Total Assets+1.6B1.79B
Asset Turnover0.32x0.42x
Asset Growth %-0.12%
Total Current Liabilities+545.05M446.96M
Accounts Payable3.69M4.16M
Days Payables Outstanding30.2417.36
Short-Term Debt00
Deferred Revenue (Current)1000K1000K
Other Current Liabilities268.33M35.92M
Current Ratio2.82x3.66x
Quick Ratio2.82x3.66x
Cash Conversion Cycle--
Total Non-Current Liabilities+13.71M22.14M
Long-Term Debt00
Capital Lease Obligations2.14M17.83M
Deferred Tax Liabilities00
Other Non-Current Liabilities11.57M4.3M
Total Liabilities558.77M469.1M
Total Debt+14.6M28.77M
Net Debt-1.26B-458.18M
Debt / Equity0.01x0.02x
Debt / EBITDA--
Net Debt / EBITDA--
Interest Coverage--
Total Equity+1.04B1.32B
Equity Growth %-0.27%
Book Value per Share2.142.95
Total Shareholders' Equity1.04B1.32B
Common Stock01K
Retained Earnings540.07M-192.91M
Treasury Stock00
Accumulated OCI265K1.31M
Minority Interest00

Cash Flow

Dec 2023Dec 2024
Cash from Operations+1.05B-61.72M
Operating CF Margin %2.07%-0.08%
Operating CF Growth %--1.06%
Net Income737.84M-732.12M
Depreciation & Amortization8.5M7.69M
Stock-Based Compensation2.7M947.55M
Deferred Taxes00
Other Non-Cash Items17.29M-14.88M
Working Capital Changes281M-269.96M
Change in Receivables-39.58M-42.67M
Change in Inventory00
Change in Payables-2.67M525K
Cash from Investing+-57.34M-784.26M
Capital Expenditures-6.46M-7.42M
CapEx % of Revenue0.01%0.01%
Acquisitions--
Investments--
Other Investing-196K-982K
Cash from Financing+062.45M
Debt Issued (Net)--
Equity Issued (Net)--
Dividends Paid00
Share Repurchases--
Other Financing2K3.31M
Net Change in Cash--
Free Cash Flow+1.04B-69.14M
FCF Margin %2.06%-0.09%
FCF Growth %--1.07%
FCF per Share2.14-0.15
FCF Conversion (FCF/Net Income)3.66x0.08x
Interest Paid00
Taxes Paid7.04M195.76M

Key Ratios

Metric20232024
Return on Equity (ROE)27.4%-61.86%
Return on Invested Capital (ROIC)--201.42%
Gross Margin91.19%88.32%
Net Margin56.62%-97.74%
Debt / Equity0.01x0.02x
FCF Conversion3.66x0.08x
Revenue Growth-48.36%

Frequently Asked Questions

Growth & Financials

Figma, Inc. (FIG) reported $749.0M in revenue for fiscal year 2024. This represents a 48% increase from $504.9M in 2023.

Figma, Inc. (FIG) grew revenue by 48.4% over the past year. This is strong growth.

Figma, Inc. (FIG) reported a net loss of $732.1M for fiscal year 2024.

Dividend & Returns

Figma, Inc. (FIG) has a return on equity (ROE) of -61.9%. Negative ROE indicates the company is unprofitable.

Figma, Inc. (FIG) had negative free cash flow of $69.1M in fiscal year 2024, likely due to heavy capital investments.

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